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"While currency is a headwind for Microsoft and other large international companies, we would characterise the headline numbers as good enough, although some bulls may have been hoping for a bigger beat," said FBR Capital Markets analyst Daniel Ives.

Microsoft's chief financial officer, Amy Hood, said the greatest impact was in sales of software licences to business clients, where the majority of the company's revenues come from.

According to Reuters, Microsoft gets almost 75% of its revenue from overseas and the majority of this is from commercial licensing.